one underrated reason to be bullish for the next crypto cycle is the current US political situation

hard to imagine a 2024 election where one side doesn't completely deny the voting results

I'd assume US dollar confidence takes a major hit and people search for alternative monetary asset exposure

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

Dollar confidence is very bullish for dollar-denominated stablecoins across the globe on crypto rails, which is more liquidity in the system for digital and real-world assets

Value and liquidity aren't the same thing

As a bankruptcy lawyer, I've seen a lot of *value* disappear overnight

true however I don't view stablecoins as a long term growth mechanism for crypto

I view them as operating in a tenuous regulatory grey area that probably gets cleaned up if/when CBDCs get rolled out

the path to more liquidity in crypto that makes more sense is simply that people increasingly value native crypto